Rmi 2302 exam - Study guides, Class notes & Summaries

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RMI 2302 FSU NYCE EXAM 1 (Q&A) LATEST UPDATE ALREADY PASSED
  • RMI 2302 FSU NYCE EXAM 1 (Q&A) LATEST UPDATE ALREADY PASSED

  • Exam (elaborations) • 22 pages • 2024
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  • RMI 2302 FSU NYCE EXAM 1 (Q&A) LATEST UPDATE ALREADY PASSED Risk Likelihood Frequency - the probability that a loss can occur. What 3 ways can Risk Likelihood be categorized High - an event is expected to happen in most circumstances Medium - an even will probably happen in many circumstances Low - an event may occur at some point Risk Impact Severity - the potential effect that a loss could have if it arises. Risk prevention methods are best applied to what? Frequency of losses ...
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RMI 2302 Exam 1 DR. NYCE 2023
  • RMI 2302 Exam 1 DR. NYCE 2023

  • Exam (elaborations) • 17 pages • 2023
  • RMI 2302 Exam 1 DR. NYCE 2023
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RMI 2302 Exam 2 Questions And Answers (Verified And Updated)
  • RMI 2302 Exam 2 Questions And Answers (Verified And Updated)

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  • RMI 2302 Exam 2 Questions And Answers (Verified And Updated) free market - answerfails to protect consumer interests requiring the government to find appropriate ways to protect us from ourselves; rewards those people who understand consumer behavior and can exploit consumer's weaknesses In a world dominated by rational behavior... - answerthe government could focus on externalities and focus less on consumers Jeremy Bentham - answer(19th century) Urged politicians to design policies tha...
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RMI 2302 Exam 1 Nyce  questions and verified correct  answers 2023
  • RMI 2302 Exam 1 Nyce questions and verified correct answers 2023

  • Exam (elaborations) • 8 pages • 2023
  • Risk - correct answer Uncertainty regarding loss. There are different magnitudes of risk based on the decision maker: individual, organization, and society. Danger does not equal risk. Information does not alter risk. Uncertainty - correct answer When you do not know the outcome, there is uncertainty. Multiple outcomes can also lead to uncertainty. Uncertainty is doubt about our ability to predict future outcomes. Because uncertainty is subjective, it can differ across individuals even when t...
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RMI 2302 Exam 1 Nyce FSU Questions With Complete Solutions.
  • RMI 2302 Exam 1 Nyce FSU Questions With Complete Solutions.

  • Exam (elaborations) • 4 pages • 2023
  • RMI 2302 Exam 1 Nyce FSU Questions With Complete Solutions.
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Exam 2 RMI 2302 - FSU Dr. Nyce Questions With Complete Solutions
  • Exam 2 RMI 2302 - FSU Dr. Nyce Questions With Complete Solutions

  • Exam (elaborations) • 20 pages • 2023
  • Exam 2 RMI 2302 - FSU Dr. Nyce Questions With Complete Solutions
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RMI 2302 Nyce Module 2 Exam Questions And Answers (Verified And Updated)
  • RMI 2302 Nyce Module 2 Exam Questions And Answers (Verified And Updated)

  • Exam (elaborations) • 4 pages • 2024
  • RMI 2302 Nyce Module 2 Exam Questions And Answers (Verified And Updated) A Scientific View of Risk - answerProbability of a person suffering an adverse effect from some activity or exposure over a given period of time/involvement. -ADDS A TIME ELEMENT Risk Reduction and Public Policy - answerRisk Reduction has costs (both monetary and non- monetary) Requires putting a value on human life How much are you worth? Parents? Grandparents? How do you balance risk/reward? Can drive highway de...
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RMI 2302 Exam 1 Nyce Questions And Answers (Verified And Updated)
  • RMI 2302 Exam 1 Nyce Questions And Answers (Verified And Updated)

  • Exam (elaborations) • 6 pages • 2024
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  • RMI 2302 Exam 1 Nyce Questions And Answers (Verified And Updated) Risk - answerUncertainty regarding loss. There are different magnitudes of risk based on the decision maker: individual, organization, and society. Danger does not equal risk. Information does not alter risk. Uncertainty - answerWhen you do not know the outcome, there is uncertainty. Multiple outcomes can also lead to uncertainty. Uncertainty is doubt about our ability to predict future outcomes. Because uncertainty is subj...
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RMI 2302 Final Exam Nyce UPDATED  Actual Exam Questions and CORRECT  Answers
  • RMI 2302 Final Exam Nyce UPDATED Actual Exam Questions and CORRECT Answers

  • Exam (elaborations) • 6 pages • 2024
  • RMI 2302 Final Exam Nyce UPDATED Actual Exam Questions and CORRECT Answers The number of years between same-sized natural disaster events is also known as - CORRECT ANSWER- Return Period Frequency and magnitude of natural disasters typically have a _____ ? - CORRECT ANSWER- Inverse relationship Risks of "high concern" in the Global Risk Report 2014 - CORRECT ANSWER- 1. Food crisis 2. Water crisis 3. Political instability
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